Mont-Inoxsp. z o.o.

Manner of representation

1. In the case of a one-person management board, each member of the management board is authorised independently to make declarations of will and sign documents on behalf of the company. 2. In the case of a multi-member management board, in matters concerning ordinary management, members of the management board, commercial proxies and attorneys-in-fact are authorised independently to make declarations of will and sign documents on behalf of the company within the limits of their powers arising from resolutions of the management board. In matters exceeding ordinary management, joint action by two members of the management board or a member of the management board jointly with a commercial proxy is required to make declarations of will. Matters exceeding the scope of ordinary management are deemed to include those involving disposal of the company’s assets or incurring a liability exceeding PLN 5,000 (five thousand zlotys). 3. The method of representation specified in the preceding paragraph does not exclude the appointment of a commercial proxy and does not limit the rights of commercial proxies arising from the provisions on commercial proxies. 4. The management board may independently dispose of a right or incur liabilities concerning performances exceeding twice the amount of the share capital.